1,451 Shares in Strategy Incorporated (NASDAQ:MSTR) Bought by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC acquired a new stake in Strategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,451 shares of the software maker's stock, valued at approximately $420,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Franklin Resources Inc. boosted its position in Strategy by 3.3% during the third quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker's stock worth $716,000 after purchasing an additional 135 shares in the last quarter. Capital Investment Advisors LLC acquired a new stake in shares of Strategy in the fourth quarter worth approximately $444,000. Accurate Wealth Management LLC acquired a new stake in shares of Strategy in the fourth quarter worth approximately $241,000. Assenagon Asset Management S.A. boosted its stake in shares of Strategy by 94.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 4,988 shares of the software maker's stock worth $1,445,000 after acquiring an additional 2,423 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of Strategy by 22.0% in the fourth quarter. Park Avenue Securities LLC now owns 8,469 shares of the software maker's stock worth $2,453,000 after acquiring an additional 1,528 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Strategy

In other news, Director Jarrod M. Patten sold 1,100 shares of Strategy stock in a transaction on Friday, May 9th. The stock was sold at an average price of $427.00, for a total value of $469,700.00. Following the completion of the sale, the director now directly owns 9,170 shares of the company's stock, valued at approximately $3,915,590. The trade was a 10.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Leslie J. Rechan sold 15,000 shares of Strategy stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the completion of the sale, the director now directly owns 4,970 shares of the company's stock, valued at $1,669,423. The trade was a 75.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 41,198 shares worth $13,901,970. Company insiders own 9.16% of the company's stock.

Strategy Trading Up 0.7%

Strategy stock traded up $2.77 during trading on Friday, reaching $399.80. 12,343,405 shares of the company were exchanged, compared to its average volume of 18,100,225. Strategy Incorporated has a 52-week low of $102.40 and a 52-week high of $543.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The company has a market capitalization of $109.31 billion, a P/E ratio of -70.97 and a beta of 3.79. The stock's 50 day simple moving average is $331.21 and its two-hundred day simple moving average is $334.92.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The business had revenue of $111.07 million during the quarter, compared to analysts' expectations of $116.66 million. During the same quarter in the prior year, the firm earned ($0.83) EPS. Strategy's revenue for the quarter was down 3.6% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MSTR shares. Canaccord Genuity Group lifted their price target on Strategy from $409.00 to $464.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Cantor Fitzgerald lowered their price target on Strategy from $619.00 to $614.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. BTIG Research reaffirmed a "buy" rating on shares of Strategy in a research note on Wednesday. Barclays lifted their price target on Strategy from $421.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Finally, HC Wainwright started coverage on Strategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $514.42.

Strategy Company Profile

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.